Market News

Q1 Preview: BoFA Picks Meesho, Eternal As Top New-Age Internet Bets Amid Middle East Conflict Risks

Meesho to positively surprise on growth and margins, while Delhivery may see temporary margin pressure. Eternal is also likely to post strong sequential growth and improved margins.

Crompton Greaves gains on bagging 30-cr order from MSEDCL

Crompton Greaves Consumer Electricals rose 1.71% to Rs 274 after securing a domestic order worth Rs 29.77 crore from Maharashtra State Electricity Distribution Company (MSEDCL) for supply of 1,397 solar photovoltaic water pumping systems.

Crompton Greaves Consumer Electricals wins order of Rs 29.77 cr from MSEDCL

Quick commerce, alcohol moderation fuel India's zero-proof drinks market as liquor giants, startups widen bets

Growing consumer interest in alcohol moderation is driving India's zero-proof beverage market. Brands such as Sober and Catwalk are expanding product portfolios and distribution, though profitability remains challenged by rising costs and competition.

ICICI Pru's S Naren expects moderate market returns, backs gold in diversified portfolios

S Naren, Executive Director and CIO of ICICI Prudential AMC, which managed funds worth $3 billion as of May 31, 2026, said improving macro conditions have strengthened India's outlook but global AI-led capital flows continue to favour overseas markets. Naren reiterated his preference for diversified multi-asset investing over concentrated equity or standalone gold ETF exposure.

Wall Street slips as AI stocks drag despite gains in consumer names and easing Treasury yields

Tech heavyweights led by Micron, AMD and Nvidia weighed on markets, while General Mills, Nike and Kroger advanced. Falling oil prices and softer manufacturing data helped ease inflation and rate concerns.

Brent crude oil bias may remain bearish-to-neutral in H2CY2026

Mohammed Imran, research Analyst at Mirae Asset Sharekhan has a bearish-to-neutral view on Brent through H2CY2026, with a base-case range of $68-72/bbl.

Can Sensex, Nifty hit new highs by Dec 2026? Tech analysts decode charts

Technical analysts at SBI Securities and Choice Broking expect the Nifty to retest record highs around 26,350, and Sensex to rally toward 89,000 in an optimistic scenario.

ITC enters cola business to add more fizz to beverages portfolio

India's carbonated soft drinks market is intensifying as ITC launches a premium sugar-free Coconut Cola, aiming to compete with global giants Coca-Cola and PepsiCo. This move follows Reliance Industries' aggressive pricing strategy with its revived Campa brand. ITC plans to expand its beverage offerings, focusing on the premium, health-conscious segment, which is experiencing rapid growth due to increasing consumer preference for low- and no-sugar options.

Govt begins hunt for a new ONGC chairman

The government is actively seeking a new chairman for ONGC, with applications now open. Eligibility rules have been relaxed, removing the mandatory retirement at 60 and introducing a fixed three-year tenure, extendable by two years. The maximum age for applicants has been raised to 59.

Adani Green Energy achieves 20 GW renewable milestone

Adani Green Energy (AGEL) has surpassed 20 gigawatts (GW) of operational renewable energy capacity, becoming the first renewable energy company in India to achieve the milestone predominantly through greenfield development. The company generates over 52 billion units of clean electricity annually. The output represents nearly 3 per cent of India's electricity consumption, enough to power New York City for a year, or almost entire Mumbai and New Delhi combined.

Maruti Suzuki's June sales soar over 19% to 2 lakh units on strong PV demand

Maruti Suzuki India witnessed a significant 19.3% surge in total sales for June, reaching 2,00,390 units. This impressive growth was fueled by strong domestic demand across passenger vehicles and light commercial vehicles, alongside a healthy increase in exports. The company saw notable jumps in sales for its mini, compact, mid-size, and utility vehicle segments, indicating robust consumer interest.